President Trump is launching a new $250 bill with his face on it – the first living president to do so since Abraham Lincoln’s $10 demand note in 1861.

Earlier this year, he instituted another currency change – insisting that his signature appear on all new bank notes.

If you’re starting to sense that Trump has taken an unusual interest in our money, you’re on the right track.

In fact, I’d like to show you that his new $250 bill is a mere distraction from a far bigger and more consequential change to U.S. currency being orchestrated behind the scenes.

Something that will affect every dollar you've ever saved or invested.

Bypassing all conventional legal and political channels, under the guise of national security, Trump is enacting a total money reset using a landmark executive order (14241).

Democrat or Republican, support him or despise him, it doesn't matter – the wheels are already in motion.

And that means every American may soon be forced to use Trump's New Dollar to fill your gas tank, buy groceries, pay the bills.

Which is why I've produced this critical new documentary laying out exactly what this means for your savings, your investments, and your family's financial future…

Detailing three important steps you can take today to prepare – including details on a core band of assets connected to Trump’s initiative that could surge, if this plays out as I predict…

Plus the name and ticker of my #1 move to make today.

As you’ll see in my briefing, the last time America reset its money like this – under Richard Nixon’s presidency in the 1970s – it created one of the greatest wealth divides in the history of our nation.

On one side, it minted an average of 1,300 new millionaires a day for over half a century. And on the other… the folks left behind, with many drowning in debt, and no idea how to use America’s new money to create wealth.

As Trump rolls out his new dollar, the question is:

Which side will you be on?

Good investing,
Porter Stansberry

PS. If you’re wondering what Trump’s new money will look like, when it will be issued, what it means for your investments – all of those questions are answered in my briefing.

Wednesday, October 28, 2026

The real constraint isn't chips. It's what connects them.

A six-inch indium phosphide wafer cost $1,400 in January 2025. By late 2026, it cost $5,000. Most investors have never heard of this material. It sits inside every laser that connects AI chips in a data center.

Nvidia ships GPUs. New data centers break ground every month. All of it depends on a thin wafer. The US does not produce the metal inside it.

China controls the global supply of indium. Beijing did not ban exports. It created a permit queue that throttles every shipment through ministry approval. No amount of capital can widen it before 2029.

The ticker is TLT… and Larry Benedict says it just became more important than ever.

The Federal Reserve’s recent hike could send it moving fast, and Larry plans to trade it in an unusual way that could double your money…

See how he plans to trade TLT now.

AI chips are fast. But they are useless alone. Inside a data center, thousands of chips talk to each other through optical interconnects. These are fiber links that carry data as light. The lasers that generate that light are built on indium phosphide wafers. No wafer, no laser. No laser, no link between chips.

The supply map is lopsided. China produces 760 metric tons of refined indium per year. That is about 70% of the global total. South Korea and Japan produce most of the rest. The US produces zero. The U.S. Geological Survey confirmed 100% import reliance for every year from 2021 through 2025.

Observation: The US consumed an estimated 220 tons of indium in 2025 and produced none domestically.
Interpretation: Every indium-dependent supply chain in the country runs through foreign sources, and China is the dominant one.

On February 4, 2025, China acted. The Ministry of Commerce added indium phosphide to its export control list. The classification is "dual-use." Beijing considers the material to have both commercial and military value. The new rule requires a state license for each order. Each license needs commercial documents, end-user statements, and ministry review.

This is not a ban. It is a throttle. A permit that takes six months to arrive works the same as a rejection. The exporter waits. The buyer waits. The production line waits.

The effect showed up fast. Chinese indium exports fell roughly 72% year over year by September 2025. Exports to the US dropped 77% by April 2026. The queue did what a ban would do. It just skipped the diplomatic cost.

Observation: Chinese indium exports fell about 72% in the first year of the permit system.
Interpretation: The permit queue functions as a volume throttle, controlling flow without a formal prohibition.

Industry threw money at the bottleneck. Nvidia invested $4 billion in Coherent and Lumentum. These are the two largest US-based makers of optical components for AI data centers. AXT is the second-largest InP wafer producer. It reported over $100 million in backlog by early 2026. Permits were not arriving fast enough to clear it.

Coherent's CEO Jim Anderson flew to Beijing in May 2026. He joined a US business delegation with President Trump. Reuters reported that Anderson aimed partly to raise concerns over InP permit delays. Capital and diplomacy both moved toward the chokepoint. Neither resolved it.

Observation: The industry responded with $4 billion in capital and a CEO visit to Beijing on a presidential delegation.
Interpretation: Money and diplomacy both targeted the bottleneck, but neither loosened the permit queue.

The Pentagon saw the same chokepoint. The National Defense Stockpile is the government's emergency reserve of strategic materials. Think of it as the military's warehouse for metals it cannot afford to lose. It held zero indium.

The Defense Logistics Agency requested 403 metric tons over three years. The ex-China market produces roughly 300 tons per year. One order would have consumed more than a full year of non-Chinese supply. The contract was cancelled in late September 2026 without award. The market could not fill it.

Observation: The DLA cancelled its first-ever indium stockpile request because supply outside China could not meet the volume.
Interpretation: The physical supply does not exist to meet both industrial and strategic demand at the same time.

Money is moving toward the problem. Coherent broke ground in June 2026 on a $650 million fab expansion in Sherman, Texas. Federal CHIPS Act funding is backing it with up to $50 million. Korea Zinc is building the first US zinc refinery since the 1970s in Tennessee. Earliest production: 2029.

Lumentum told investors in October 2026 that demand outstrips supply into early 2029. New laser capacity takes about three years to reach customers. The constraint is physical. Fabs take years to build. Refining capacity takes years to build. Capital does not compress that timeline.

The signals worth watching are not GPU shipments or AI revenue forecasts. They are InP wafer lead times and Chinese export permit flow. If permit approvals pick up, the supply chain breathes. If lead times keep stretching, the buildout hits a ceiling no amount of spending can raise.

A permit queue throttles global indium supply at the source. The wafer that cost $1,400 in January 2025 hit $5,000 by late 2026. New capacity cannot catch demand before 2029.

Until next time,
The Navigator